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The accounting and financial services sectors in
Australia have changed rapidly and dramatically over
the past 10 years. High-profile mergers and acquisitions,
in conjunction with changed work practices and
regulatory environments, have created industries that
are very different to what they were a decade ago.
As a consequence of these changes the work is more
challenging and there are wider career opportunities.
MONEy MATTERS: salaRy
RaNGEs FoR sElEcTEd RElEvaNT
The work
occuPaTIoNs
The financial services sector facilitates the productive Finance Manager: $50-85,000
flow of funds between sectors, companies and people. accountant: $36-50,000
The sector can broadly be broken down into four
Financial broker: $38,500-55,500
categories: banking, wealth management, capital
commercial banking sector: $42,500-53,400
markets, and regulatory work.
-- figures from Australian Graduate Survey 2007, GCA. Ranges refer to
Accounting is the language of business, and involves
the middle 50 per cent of salaries for bachelor degree graduates with
permanent residency, in full-time employment in Australia in 2007.
the measurement, interpretation and communication
of financial activity. Accountants may choose to work
within the broader financial services sector, within a
specific organisation as a corporate (or government)
accountant, or with a professional firm servicing
multiple clients.
INdusTRy aT a GlaNcE
Industry Profiles 2009
There are a diverse range of sub-sectors within the
-- Australian Jobs 2008, DEEWR
*
accounting and financial services sectors:
Chartered accounting; industry (or 4
%
80
%
government) accounting; retail and
of AUSTRALIAn LoCATED SyDnEy
private banking; risk management;
WoRkfoRCE AnD MELBoURnE
financial planning; investment
analysis; fund management; auditing;
taxation; insurances; corporate 80
%
good
advisory; corporate insolvencies;
EMpLoyED fULL-TIME fUTURE oUTLook
consulting; and many more.
*
Department of Education, Employment and Workplace Relations
accounting & financial
services
2
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